8199 Southpark LnLittleton, CO 80120
- Healthcare properties
- 12,435 SF
Property Details for 8199 Southpark Ln
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 1.40 AC
- Property size (Sq ft)
- 12,435 SF
- Zone code
- LPDI
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 2077-33-4-03-048
- APU
- 207733403048
Description
This exceptional Class A, 13,735 square foot medical office building in Littleton, Colorado presents a compelling investment opportunity. Located at 8199 Southpark Ln, 80120, this single-story, 100% occupied property boasts a strong tenant roster including national healthcare leaders like Optum Health, Fresenius Kidney Care, Quest Diagnostics, and others. The building, constructed in 2004, benefits from a fee-simple ownership structure and a stabilized investment profile with a 6.90% cap rate and a Net Operating Income (NOI) of $315,095. All four tenants are on NNN leases with annual rent bumps averaging 2.88%, ensuring consistent income growth and minimal landlord responsibilities. The property's strategic location in the Denver-Aurora-Lakewood MSA, within two miles of three major hospitals, and its convenient access via CO-470 and US-85, provide exceptional visibility and accessibility. The asking price is $4,570,000, translating to $332.73 per square foot. The anchor tenant, Optum Health, is a subsidiary of UnitedHealth Group, providing significant financial stability and creditworthiness. This investment offers a rare combination of strong cash flow, significant upside potential, and a resilient asset class within a rapidly growing market. The property's location within the top 20 largest MSAs in the US further enhances its long-term value and investment appeal.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,339,449
- 6.5%
- $2,159,492
- 7%
- $2,005,242
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,756,281
- Geo Method
- $1,027,380
-
Alternative Use
- Use
- Valuation
- Residential
- $2,677,770
- Hospitality
- $2,452,822
- Educational
- $2,040,720
- Medical
- $2,110,903
- Retail
- $3,174,453
Location Insight
- City
- Littleton
- County
- Arapahoe
- State
- Colorado
- Latitude
- 39.568
- Longitude
- -105.002
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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